Prudential Looks at LGBTQ Financial Wellness

December 27, 2018 by
Michael S. Fischer

Both men and women in the LGBTQ community tend to earn less than the general population, but LGBTQ women are often more confident than their male counterparts that they will meet their financial goals, according to research by Prudential.

The report, which also looks at women, black Americans, Asian-Americans, Latino-Americans and caregivers, builds on Prudential’s 2018 financial wellness census, which showed a nation almost equally divided between those who are financially healthy and those who are struggling.

Prudential and Chadwick Martin Bailey conducted a survey in the fourth quarter of 2017 among 3,013 U.S. adults ages 25 to 70.

One in every 10 survey respondents — 297 in all — identified as LGBTQ, a higher proportion than some other surveys have found, according to Prudential. It said this may reflect differences in how, and in what form, the question was asked.